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SPFL: Kilmarnock chairman Michael Johnston rejects offer for his shares in the club

Kilmarnock chairman Michael Johnston insists his shares are not for sale, but wants to attract further investment.

Last Updated: 13/02/14 10:10am

Kilmarnock: Subject to another fan bid

Having already seen one takeover bid collapse from a group of local businessmen, the Killie Community Working Party, backed by Sporting Direct Scotland, have expressed their interest in purchasing the Ayrshire outfit, asking Johnston to 'name his price' for his shares.

However, Johnston has other plans for the future of the club.

"What I'm after is new investment and there are two six-figure investors lined up," Johnstone told the Daily Record.

"I'm not looking to sell shares for personal profit. I want fresh capital for the club in the midst of a restructuring plan.

"I'm looking for people who want to help Killie by buying new shares that would merit them taking a seat on the board.

"The way forward is not going to be achieved simply by me selling my shares.

"I've put in 11 years of hard work at Rugby Park, eight of them as chairman, but I'm constantly surprised by some of the novel schemes that are suggested."

Kilmarnock's debt, believed to be in the region of £9million, has worried some supporters into drastic action, but Johnston insists the club's future is not under any threat.

"There's no danger of any insolvency event," Johnstone added.

"Good things are happening at Killie and positive news will be announced over the coming weeks.

"A new board containing local politicians and businessmen has long been an idea of mine and a pathway has been mapped out concerning debt restructuring."